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BofA/Merrill Lynch Upgrades C.H. Robinson Worldwide (CHRW) to Buy

October 29, 2014 8:35 AM EDT
Get Alerts CHRW Hot Sheet
Price: $187.07 +1.10%

Rating Summary:
    20 Buy, 14 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 24
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BofA/Merrill Lynch upgraded C.H. Robinson Worldwide (NASDAQ: CHRW) from Neutral to Buy with a price target of $84.00 (from $68.00).

Ken Hoexter noted transport net margins topped 16% for the first time in seven quarter. The firm is increase 4Q14, 2014, and 2015 EPS estimates 1%, 2%, and 6%, to $0.75, $3.03, and $3.45, from $0.74, $2.97, and $3.25, respectively

For an analyst ratings summary and ratings history on C.H. Robinson Worldwide click here. For more ratings news on C.H. Robinson Worldwide click here.

Shares of C.H. Robinson Worldwide closed at $72.34 yesterday.



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Analyst Comments, Analyst EPS Change, Analyst PT Change, Hot Upgrades, Upgrades